Our lives have become all about better and faster connectivity. No matter where we are or what we are doing, we’re always connected to the internet.
But do we understand the price we pay for this constant connectivity?
With this seamless, unhindered connectivity, endless data is being shared across platforms and further used by those platforms as well, such as data centers, cloud databases, and Internet of Things (IoT) devices.
This boundless connectivity and data sharing have a great role to play in digital transformation and advancement.
But, at the same time, it comes at a high cost of making our online privacy inevitably much more vulnerable.
Why are Data Breaches becoming more common than ever before?
Data breaches are an everyday occurrence, and they are growing at an astonishing rate.
You’ll understand the gravity of the situation better if we told you what Gil Shwed, Check Point’s Founder and CEO, uncovered in the company’s cybersecurity predictions for the year 2020.
“Attacks are constantly increasing: over the past year, our ThreatCloud Managed Security Service blocked nearly 90 billion compromise attempts per day – compared with six billion daily searches on Google.”
In fact, these breaches and cyber-attacks have become so common that the FBI has had to soften its policy on ransom payments.
The agency acknowledges that in some cases, ransom payment may be the best route to protect shareholders, employees, and customers.
An average internet user may exclude himself from the equation.
But you need to think why these attacks are increasing with every passing day.
One of the most crucial reasons is the way we share our personal information using multiple platforms – including online social media forums, recruitment agencies, smart and IoT devices, and communication platforms such as WhatsApp, Skype, Slack, etc.
That’s why it is becoming increasingly easier for hackers to design targeted attacks. But, on the other hand, it’s becoming that much harder to protect our online privacy.
These are shocking facts, but they are nothing in comparison to what goes on behind the scenes.
There are several other factors that influence the rise in data breaches and the leak of user information.
Let’s have a look at them as well.
Artificial Intelligence (AI)
Artificial intelligence has undoubtedly enhanced threat response mechanisms helping to block millions of cyberattacks through deep learning security algorithms, biometric identification as well as system automation.
However, as it is, the bad guys have the same technology at hand that can identify the difference between the patterns of coincidence or behavior.
It can also learn to disguise a behavior, manipulate the defense mechanisms, and push past the security protocols.
AI is largely the basis for the exponential hike in cybercrimes as hackers are frequently using it to probe networks, seek out weaknesses, and create more evasive and complex malware.